
San Marino, California 91108
This 1941 Spanish-inspired estate represents a High-Potential Investment Opportunity, listed at $3,890,000—positioned well above the $3,679,479 Fair Market Value. While the property requires cosmetic modernization, it features a Condition Rating of 4 with significant infrastructure upgrades, including a newer roof and updated plumbing. Situated in the prestigious San Marino Unified School District, this residence offers a rare blend of timeless architecture and long-term value. It is an ideal acquisition for Value-Add Investors or Owner-Occupants looking to customize a legacy estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2932 Gainsborough Drive Subject | $3,890,000* List Price | 4 | 4 | 4,365 | $843 | - |
A 2370 Melville Drive Sold | $3,070,000 | 4 | 3 | 3,169 | $969 | 0.7 mi |
B 2465 Lorain Road Sold | $2,800,000 | 4 | 4 | 3,172 | $883 | 0.9 mi |
C 2300 Robles Avenue Sold | $4,200,000 | 4 | 5 | 4,475 | $939 | 0.7 mi |
D 2295 Roanoke Road Sold | $3,200,000 | 4 | 3 | 3,082 | $1,038 | 0.8 mi |
E 989 Winston Avenue Sold | $2,885,000 | 3 | 3 | 2,810 | $1,027 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property has excellent infrastructure updates including a newer roof (<5y), new plumbing (~3y), and updated HVAC/mini-splits. However, the interior is significantly dated with 1940s-style pink tile bathrooms and older carpeting, requiring cosmetic modernization to meet current standards.
The property features major recent improvements including a newer roof, updated plumbing, and new ducting, significantly reducing immediate capital expenditure and maintenance concerns for a home of this vintage.
Situated on a prominent corner lot within the highly coveted San Marino Unified School District, the estate offers exceptional long-term value and access to one of the state's top-tier educational systems.
This 1941 Spanish-inspired estate boasts grand formal spaces, soaring ceilings, and an interior courtyard, providing a rare sense of scale and classic Southern California elegance that is difficult to replicate.
The use of mini-split systems in only several rooms suggests the lack of a comprehensive central HVAC system throughout the entire 4,365 sqft residence, which may be a drawback for luxury buyers.
As a legacy estate built in 1941, the property will likely require specialized and ongoing upkeep to preserve its historical architectural integrity compared to modern luxury constructions.
2932 Gainsborough Drive is a timeless Spanish-inspired estate situated on a prominent corner lot in the prestigious community of San Marino, a city renowned for its tree-lined streets, architectural elegance, estate-style residences, and timeless Southern California charm. Rich in architectural character and classic detailing, the residence features grand formal living spaces, soaring ceilings, arched passageways, expansive bedrooms, covered verandas, interior courtyard-style entertaining areas, and beautiful indoor-outdoor flow throughout. Surrounded by mature landscaping and manicured grounds, the property offers a true private estate feel with expansive brick patios, lush lawns, multiple outdoor seating areas, and impressive curb appeal from every angle. The classic Spanish-style architecture, dramatic curved staircase, oversized windows, and elegant entertaining spaces create a rare sense of scale, warmth, and timeless sophistication. Extensive recent improvements provide both comfort and peace of mind, including a newer roof less than five years old, all new plumbing completed approximately three years ago, updated ducting throughout, newer exterior paint, a recently updated sprinkler system, and newly added mini-split systems in several rooms for enhanced energy-efficient heating and cooling. Conveniently located near premier dining, shopping, private clubs, and cultural destinations, the property is also situated within the award-winning San Marino Unified School District. A rare opportunity to own a character-rich estate that blends timeless architecture with meaningful infrastructure upgrades already completed.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.5 | 50% |
| Square foot | 4,365 | 3,053 | 77% |
| Lot Size | 12,746 | 13,141.5 | 50% |
| Price | $3.89M | $3.21M | 63% |
| Price per sq ft | $891 | $1.1K | 17% |
| Built year | 1941 | 1941 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 128 | 6% |
May 21, 2026
$3,890,000
Initial Listing